In 2023, Germany led the European market in recycled lubricants with 11.6 thousand terajoules, despite a slight year-on-year decline of 0.18%. France, with 2.77 thousand terajoules, and Poland, with 2.48 thousand terajoules, showed modest fluctuations, with France increasing by 0.93% and Poland decreasing by 0.26%. Finland saw a more significant drop of 0.36%, reflecting a possible shift in market dynamics or operational challenges. Latvia experienced a notable jump of 28.93%, indicating substantial growth potential. Bulgaria and Greece remained stagnant with no year-on-year change. Over the last five years, the compound annual growth rate (CAGR) showed varied performance across different countries.
Future trends to watch in the European recycled lubricants market include:
- Increased investments in sustainable technologies, particularly in Germany and France.
- Potential market expansion in Latvia, given its recent significant growth.
- Stabilization and possible growth opportunities in Bulgaria and Greece, contingent on policy support and innovation in recycling processes.
Top countries in Lubricants Recycled Products by Country
| # | 7 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 11,600 | 2023 | +1.58% | -0.18% | View data |
| 2 | 2 France | 2,770 | 2023 | +5.93% | +0.93% | View data |
| 3 | 3 Poland | 2,480 | 2023 | +8.11% | -0.26% | View data |
| 4 | 4 Finland | 1,660 | 2023 | +5.02% | -0.36% | View data |
| 5 | 5 Latvia | 1,270 | 2023 | +15.17% | +28.93% | View data |
| 6 | 6 Bulgaria | 444.64 | 2023 | +2.74% | View data | |
| 7 | 7 Greece | 264.38 | 2023 | +2.66% | View data |
